Alteryx recently surveyed hundreds of data analysts and business leaders across industries and found that not having the right data for analytics can cause a material impact on organizational success. This infographic highlights the challenges of keeping analytic processes status quo.

Alteryx recently surveyed hundreds of data analysts and business leaders across industries and found that not having the right data for analytics can cause a material impact on organizational success. This infographic highlights the challenges of keeping analytic processes status quo.

Why do people like it so much? In June 2013, Bitcoin exchanged at 1 bitcoin to $100 and following a meteoric rise traded at $17,900 in December 2017. Why do people like Bitcoin so much that its value increased 17,000 percent? Bitcoin is set to change the world’s financial landscape and it’s all thanks to Blockchain technology. […]

Why do people like it so much? In June 2013, Bitcoin exchanged at 1 bitcoin to $100 and following a meteoric rise traded at $17,900 in December 2017.

Why do people like Bitcoin so much that its value increased 17,000 percent? Bitcoin is set to change the world’s financial landscape and it’s all thanks to Blockchain technology. But it’s not only Bitcoin. Blockchain looks ready to change the internet as we know it. Anonymity and a Napster-like internet are just around the corner.

What if we didn’t rely on central servers, but instead on our own computers? What if all internet transactions were transparent and fixed? Ecommerce businesses, especially, will enjoy the rise of Blockchain. Your ecommerce brand needs to embrace Blockchain. The technology will keep you ahead of the competition while endearing consumers to your brand.

Blockchain 101

First, let’s look at the idea behind Blockchain. Think of blocks like a records book. Another block (page) gets added to the chain (book) every time something happens. The collection of blocks forms the Blockchain (book). The idea comes from combining several leading web technologies. Think of combining Google Docs, torrenting, VPNs, and more. Sound too good to be true?

It isn’t. Blockchain takes these technologies’ best aspects and creates something revolutionary. Each block is both publicly and privately available. People with “keys” (number strings) can edit their private information and view others’ public information. Think of it like sharing a Google Doc. You can edit your own documents but only view others.

For Bitcoin, the Blockchain is a digital ledger. Your Bitcoin is really an address (number) on the chain. A key (password) grants access to that address and thus your cryptocurrency. After every transaction another block gets added. Each new block details each new transaction. The entire chain being your ledger.

Peer-to-peer technology means that Blockchain resides on every participants’ computer. Everyone “stores” part of the chain and the chain has no centralized home. Users can see every addition in real-time. Like torrenting, each computer “hosts” small pieces of the Blockchain.

The P2P technology makes Blockchain a secure, anonymous way to track information. No one can edit information once it’s written to the chain because no single person has the entire chain.

Ecommerce and Blockchain

Ecommerce and Blockchain are building towards a love-hate relationship. Some proponents want Blockchain to dismantle ecommerce businesses as we know them. In theory, people could host private P2P marketplaces. However, without financial incentive, no one has a reason to design those marketplaces. Instead, blockchain gives traditional ecommerce security, transparency, cost cutting, and supply chain management. Not only does Blockchain improve your business, it also keeps your customers safe. Instead of searching for new business models, we can improve what we have.

1. Consumer Privacy

Blockchain’s decentralized nature helps improve your storefront privacy and transparency. Consumer interactions become transparent. Blockchain provides a real-time transaction ledger. When someone makes a purchase, their information becomes part of the chain. Instead of storing customers’ names, user data, and IP address, consumers are just an address on the Blockchain. Each consumer gets their own address that relays non-identifying information.

2. Supply Chain Communication

Has your supply chain ever fallen through? Products that went undelivered? Or maybe products that didn’t arrive as promised?

Did you receive different products altogether? Blockchain solves all these issues and more. Blockchain technology also works as a supply chain ledger. The P2P technology allows your company to track supply chain records, from inventory to payments, to product origin.

You’ll never miss another shipment. It’s easiest to think in terms of different scenarios. The food industry uses Blockchain to track the origin of meat. Every shipment enters the Blockchain. P2P transparency makes it impossible to falsify the meats’ origin, storage, sell-by-date, and more.

The mining industry uses Blockchain to track their minerals from start to finish. The chain can track when minerals get mined, shipped, finished, shipped again, and finally sold. Every part of the chain (suppliers, manufacturers, etc.) is in tune with every step of the process. Your ecommerce store can use Blockchain much like the mining industry.

The technology will help track your own supply lines from the product manufacturing process to your warehouse. You not only ensure your product arrives on time, but also that you’re getting what you ordered.

3. Reducing Costs

Every business wants to save money. If you don’t, you won’t make it very far in today’s world. ROI is crucial. Blockchain reduces costs for many of the same reasons it excels as a supply chain ledger. In fact, the reduced costs come from added security, transparency, and communication.

Likewise, you won’t need staff to test your products to ensure they’re genuine. With Blockchain, if a producer says the product is from China, you can trust it originated from China. Blockchain helps reduce your quality assurance expenditures.

4. Payments

Have you ever looked at your credit card transaction fees and wished they’d just disappear?

It’s safe to say most ecommerce storefronts would love to get rid of payment system fees. After all, the more money saved, the bigger your return on investment. Blockchain-based payments (think Bitcoin) will eliminate those pesky payment system fees. There’s a newer, better way to accept payments that completely bypasses the transaction companies. The new system fundamentally changes the ecommerce payment landscape.

A Blockchain-based payment ledger places payment directly on the Blockchain. Without a middleman, your ecommerce store doesn’t pay transaction fees. Every transaction happens on the chain. Third-party companies are already offering solutions to build ecommerce businesses their own Blockchain. Your business would then exist as an address on the chain, as would consumers using your ecommerce store.

P2P transactions would happen on the Blockchain network, without any middleman.

5. Thinking Outside the Box: Receipts and Warranties

But both receipts and warranties are difficult for ecommerce businesses to track. With Blockchain, warranty and receipt information gets added to each “block” and stored on the chain. Again, the Blockchain acts as a real-time transaction ledger. Your company can easily provide receipt or warranty information when customers ask. Easy access to receipt and warranty information protects against consumers trying to return or fix out of warranty items.

Looking Towards the Future

Blockchain technology is set to revolutionize the ecommerce world.

Building your own Blockchain brings an unrivaled blend of safety, security, transparency, cost savings, and more. We’ll soon see the ecommerce world shift. Blockchain’s progress will soon force companies to implement Blockchain into their ecommerce business. While it’s not necessary yet, utilizing Blockchain will give you a competitive advantage.

First and foremost, you need an ecommerce platform that works with Blockchain technology. Something that doesn’t require restarting your entire business. That’s where we come in. Our ecommerce mobile app supports both storefront migration and third-party Blockchain implements.

Once you’ve integrated into the Mofluid platform you can use third-party Blockchain providers. The providers create your Blockchain and connect it into the Mofluid platform. Our staff works with third-party Blockchain companies to ensure your Blockchain works smoothly. So if you’re ready to get started setting up your own Blockchain friendly ecommerce store, try MoFluid today.

Our team will work with your business to help create the best ecommerce storefront for your needs. We strive to help your business stay on the cutting edge of ecommerce technology.

As the overall population has turned out to be progressively taught about the advantages of cryptographic money, they have begun to genuinely put resources into it. That, as well as it’s really ending up very basic for individuals to utilize bitcoins to purchase all way of things. As of late, it’s significant that there are […]

As the overall population has turned out to be progressively taught about the advantages of cryptographic money, they have begun to genuinely put resources into it. That, as well as it’s really ending up very basic for individuals to utilize bitcoins to purchase all way of things. As of late, it’s significant that there are numerous a bigger number of players in the digital currency amusement than just Bitcoin. Different monetary standards have started to fly up, as: Ethereum, Zcash, Litecoin, and Ripple to give some examples.

Cryptographic money has turned into a trendy expression in both industry and the scholarly world. As a standout amongst the best digital currency, Bitcoin has appreciated an enormous accomplishment with its capital market achieving 10 billion dollars in 2016. With an extraordinarily planned information stockpiling structure, exchanges in the Bitcoin system could occur with no outsider and the center innovation to fabricate Bitcoin is blockchain, which was ﬁrst proposed in 2008 and actualized in 2009. Blockchain could be viewed as an open record and every single submitted exchange are put away in a rundown of squares. This chain develops as new squares are added to it consistently. Deviated cryptography and appropriated agreement calculations have been actualized for client security and record consistency.

The blockchain innovation by and large has key qualities of decentralization, persistency, namelessness, and auditability. With these attributes, blockchain can extraordinarily spare the cost and enhance the efﬁciency. Since it enables installment to be ﬁnished with no bank or any go-between, blockchain can be utilized in different ﬁnancial services, for example, computerized resources, settlement, and online installment. Furthermore, it can likewise be connected to other ﬁelds including shrewd contracts, open administrations, the Internet of things (IoT), notoriety frameworks and security administrations. Those ﬁelds support blockchain in various ways. As a matter of first importance, blockchain is permanent. The exchange can’t alter once it is stuffed into the blockchain.

Thus, Fullestop presents this infographic where you will find all the related news about Blockchain.

“The world is now awash in data, and we can see consumers in a lot clearer ways.” – Max Levchin, PayPal Co-Founder. It doesn’t matter how long a business or organization has been around. What’s important is that they continue to find avenues to help them understand their market and make efficient and effective use […]

“The world is now awash in data, and we can see consumers in a lot clearer ways.” – Max Levchin, PayPal Co-Founder.

It doesn’t matter how long a business or organization has been around. What’s important is that they continue to find avenues to help them understand their market and make efficient and effective use of the information they’re able to gather.

But, consumer demands and business needs are ever-changing. As such, technology continues to evolve along with big data. Today, both small and large business have an equal chance to drive more traffic to their website, attract more leads, and ultimately bring in more revenue to their company.

Thanks to innovations such as such as artificial intelligence, IoT, chatbots, and quantum computing, more businesses can shift their focus from traditional strategies to digital, data-driven tactics.

This infographic shows the latest trends in big data that you need to watch out for this 2018. Make sure to stay abreast of digital trends to stay ahead of the competition.

While that innovation has given us exciting new products, new capabilities, and new disruption, it has also given us new concepts to learn about and understand. One of those concepts you hear about a lot is machine learning. Basically, machine learning explores the study and construction of algorithms that can learn from and optimize based […]

While that innovation has given us exciting new products, new capabilities, and new disruption, it has also given us new concepts to learn about and understand. One of those concepts you hear about a lot is machine learning.

Basically, machine learning explores the study and construction of algorithms that can learn from and optimize based on data. Basically, it’s a rudimentary form of artificial intelligence (AI) that can help make decisions for you.

So how do companies like Kahuna use that technology to deliver better customer experiences? We’ve created the infographic below to walk you through the process. Please share it with anyone you think will find it useful.

Many aspects have come forward which have proved to be a boon for successful business. Artificial intelligence is one such approach that has helped in modifying business and making it easy for business holders to grow their business. Artificial intelligence is actually an approach in which any device or software works with a human brain. […]

Many aspects have come forward which have proved to be a boon for successful business. Artificial intelligence is one such approach that has helped in modifying business and making it easy for business holders to grow their business. Artificial intelligence is actually an approach in which any device or software works with a human brain. It responds and works accordingly without any commands given and hence lessens the burden and expense of manpower. Machines acting on a human brain can prove out be really beneficial.

From data driven strategies to decision making, the true worth of big data has been realized, and has led to opening up of amazing career choices. This Infographic by simplilearn gives us the choices you can make.

From data driven strategies to decision making, the true worth of big data has been realized, and has led to opening up of amazing career choices. This Infographic by simplilearn gives us the choices you can make.

The second is the data scientist and analyst who looks for the stories and connections within the data that no one else can see. With so much activity going on in the big data space and new data touch points being measured every day, there will be an increasing need for data-driven individuals within organizations […]

The second is the data scientist and analyst who looks for the stories and connections within the data that no one else can see.

With so much activity going on in the big data space and new data touch points being measured every day, there will be an increasing need for data-driven individuals within organizations to make sense of it all.